DOJ Seeks More Info in Entercom, CBS Radio Merger

RADIO ONLINE | Thursday, April 20, 2017 | 11:55pm CT

Entercom Communications received a request for additional information and documentary material from the Department of Justice on Wednesday. In a filing, the company said that the action, often referred to as a "second request," is in connection with its previously announced merger with CBS Radio, entered into with Constitution Merger Sub Corp., a Delaware corporation and wholly owned unit of CBS Corp. Under the deal, Entercom is combining with CBS's radio business in a two-step all stock "Reverse Morris Trust" transaction.

The second request was issued under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. CBS received an identical request for additional information and documentary material from the DOJ in connection with the transactions.

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Jack Freeman

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